Business

1:40pm

Tue June 3, 2014
Craft Distilling

First CNY bourbon product of state's craft distillery initiatives

Originally published on Tue June 3, 2014 11:16 am

Oak barrels that Aidrondack Distilling Company stores their bourbon in.
Ellen Abbott/WRVO

The bourbon being produced at a Utica distillery is being described as the first legal bourbon produced in central New York. It's proof that the craft liquor industry is growing in New York state.

The Adirondack Distilling Company started out by crafting vodka. Then they moved to gin and, most recently, white whiskey. Now, master distiller Jordan Karp says the company is moving on to that quintessential American drink.

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2:54pm

Mon June 2, 2014
Business

Local business competition attracts nearly 7,000 applicants

Originally published on Mon June 2, 2014 2:05 pm

43 North Executive Director Andrew Pulkrabek

A contest that bills itself as the world’s largest business plan competition announced the conclusion of its application process Monday. 43North attracted 6,932 applicants from across the world to take part in the competition in Buffalo, which includes applicants from all 50 states and 96 countries.

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1:49pm

Wed May 28, 2014
Business

Composting startup aims to ease pressure on expanding landfills

Credit Community Composting

Every Thursday, Luke Stodola goes out driving, filling the bed of his truck with, well, poop. Sometimes, buckets and buckets of it.

“We give them a bucket full of composted soil, their cats defecate into the soil and we re-compost that soil cat-poop mixture into more compost,” Stodola said.

He works with an alternative waste-management company in upstate New York. He and the co-owners of Community Composting provide door to door service collecting food scraps, and the occasional bucket of cat litter.

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10:13am

Thu May 15, 2014
Land Banks

New Land Bank gives green light to Binghamton property conversion

Credit Matt Martin/WSKG

The freshly minted Broome County Land Bank is set to complete its first deal. The land bank has accepted a proposal to turn a vacant hotel in Downtown Binghamton into apartment buildings.

The aged hotel on the banks of the Chenango River was acquired by the land bank through tax foreclosure in 2011. The six-story building has been empty ever since, but that all might be changing soon.

Vestal-based Newman Development Group LLC wants to buy the property and develop it into a mixed-use residential and commercial space.

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3:20pm

Wed May 14, 2014
Business

Chobani now a registered company in Delaware; says its not leaving

The U.S. Small Business Association has named upstate Greek yogurt-maker Chobani the "entrepreneurial success of the year."
messycupcakes via Flickr

Central New York yogurt powerhouse Chobani has registered its company in Delaware. Chobani says it’s not going anywhere, but it’s increased rumors the company is going public.

Chobani's headquarters and Greek yogurt plant is in Norwich, in Chenango County. But for tax purposes, it’s now a resident of Delaware.

Many corporations call The First State their home on paper, because Delaware has more lenient corporate policies. 

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